After dropping below the 1.2800 level against the US dollar earlier today, the euro is gaining on the day.
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Canadian dollar is surging against its European counterparts today, heading higher as the latest news on the economy helps the loonie.
Euro is dropping rapidly against most of its major counterparts. With the uncertainty over Cyprus, and with Italy once again with its back to the wall, trouble is looming for the 17-nation currency.
US dollar index is slightly lower today as choppy trading is the norm. Many currencies are trading mixed right now, and that includes the greenback.
Japanese yen is mostly lower today, dropping on expectations that aggressive easing will keep the Asian currency lower against its major counterparts.
Forex traders and investors waiting to see what the final outcome of the situation in Cyprus is, along with what happens in other areas of the world.